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Seattle In The Spotlight: February 1st – 7th, 2019

Seattle in the Spotlight: February 1st – 7th, 2019

Get ready for the incoming snow storm event by checking out the latest headlines surrounding the Seattle tech community, including:  Seattle Home Prices Drop to Lowest Point in Two Years – Down $116,000 Since Last Spring, Seattle Opens Longest Road Tunnel in the U.S., and more.

Seattle Home Prices Drop to Lowest Point in Two Years – Down $116,000 Since Last Spring

Seattle Times | Mike Rosenberg | February 7
https://www.seattletimes.com/business/real-estate/seattle-area-home-prices-drop-to-lowest-point-in-two-years-down-116000-since-last-spring/

“King County’s cooling housing market has turned downright chilly as prices have dropped to their lowest point in two years — with the median home now selling for $116,000 less than last spring. This is the time of year when home prices typically have a seasonal dip, but not like this: The median single-family house countywide sold for $29,000 less in January compared to the previous month, or three times the normal seasonal decline. Even on a year-over-year basis, prices declined 3 percent — the first annual drop since the market bottomed out in the housing bust seven years ago, according to data released Thursday by the Northwest Multiple Listing Service.”

Terminal 5 Upgrade is Good for Seattle and the State

Seattle Times | The Seattle Times Editorial Board | February 6
https://www.seattletimes.com/opinion/editorials/terminal-5-upgrade-is-good-for-seattle-and-the-state/

“Even as Seattle becomes more tech centric, it must continue supporting its maritime sector, which provides tens of thousands of jobs and economic opportunity across the state. The sector will get a boost from massive investments coming to the city’s harbor. Under plans that should be approved on Feb. 26, the Northwest Seaport Alliance will spend around $340 million upgrading Terminal 5 at the base of West Seattle. King County taxpayers should take note as they’re supporting this with higher port taxes.”

Seattle Opens Longest Road Tunnel in the U.S.

US News | Casey Leins | February 4
https://www.usnews.com/news/cities/articles/2019-02-04/seattle-opens-longest-road-tunnel-in-the-us

“SEATTLE’S HIGHWAY 99 tunnel, the longest road tunnel in the contiguous U.S., opened Monday, offering the public easy access from the city’s downtown to its waterfront attractions. The $3.3 billion, 2-mile-long tunnel will replace the earthquake-damaged Alaskan Way Viaduct, which the city plans to tear down this month to make way for a new and improved waterfront area and eight acres of new public parks, according to The Washington Post. With an updated waterfront, and better access to that area’s popular attractions including the Seattle Aquarium, officials hope the tunnel will boost Seattle’s tourism industry and bring the city’s infrastructure into the 21st century. The tunnel’s completion has been much-anticipated after a decade of planning and work, including a two-year construction delay due to issues with Seattle’s drilling machine, Bertha.”

Marrione Camacho

Marrione Camacho is the Managing Director of NEXUS Innovation Labs in the Philippines and a contributor at WTIA. He fell in love with startups and the tech community during his time in San Francisco and Seattle and wants to help them scale their businesses and social impact. He is currently based in Cavite City, Philippines and you can contact him at [email protected] and through LinkedIn.

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